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London bus drivers will no longer accept cash payment when new measures are introduced this summer.

Transport for London (TfL) has announced a raft of changes, including allowing passengers with insufficient Oyster card credit to travel for a whole journey before they need to top up.

London buses will soon only accept Oyster, contactless and tickets as payment Credit: Credit: PA

TfL said dwindling numbers of bus passengers using cash prompted the change, following a consultation in which it said 99% of customers already use Oyster, prepaid tickets, contactless payment cards or concessionary tickets.

Leon Daniels, managing director for TfL surface transport, said:

"The decision to stop accepting cash fares on London buses reflects the changing way that people pay for goods and services in our city, including journeys on the bus network. Paying with Oyster or a contactless payment card is not only the cheapest option, but also speeds up boarding times..."

"It costs #24 million a year to accept cash on London's buses and by removing this option we will generate significant savings which, like all of our income, will be reinvested in improvements to the transport network."

TfL will stop accepting cash fares on London buses in the Summer Credit: Credit: PA

Around three quarters of responses to the public consultation came from people who indicated that they do not themselves pay cash fares on the bus.